Aphria, Tilray merger creates the world’s biggest cannabis company

Tilray shares are up more than 24 per cent after the deal.

As cannabis growth accelerates in North America, so has consolidation. While Canadian firms had an initial advantage given pot’s legal status there, their US peers have recently gotten a boost as states move steadily toward legalising recreational use. The incoming administration of President-Elect Joe Biden is also seen as improving the likelihood that the US will legalise on the federal level and give US companies that already operate in multiple states a larger market

Aphria, Tilray merger creates the world’s biggest cannabis company